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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Locus Foundation

Locus Foundation

Fiscal year ending 2020. Filed on November 3, 2021.

7814 Carousel Lane No 100
Richmond, Virginia 23294

Locus Foundation (EIN: 81-4808731) has filed an IRS Form 990 between fiscal years 2019 and 2023. In its fiscal year 2020 IRS Form 990 filing, Locus Foundation, a 501(c)(3) charitable organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $168,036. The highest compensated employee at Locus Foundation is Clyde Cornett with fiscal year 2020 compensation of $246,202.

Revenue, expenses, and employee compensation

Revenue

$0

Expenses

$3,494

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Clyde Cornett
Chief Financial Officer and Treasurer
$246,202
$0 $239,323 $6,879
Teri Lovelace
President
$177,308
$0 $175,255 $2,053
Sarah Stremlau
President
$80,597
$0 $80,597 No other comp

Benchmark Employee Compensation

Non-Employee Board Members

Cathy Dolan
Director
Charlie H Mills III
Director
Dixon Hanna
Chair
James W Harkness Jr
Director
Sherry Magill
Director

Mission Statement

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. THE FOUNDATION WILL RAISE AND ADMINISTER FUNDS FOR THE PURPOSES OF PROMOTING COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH COMMUNITY DEVELOPMENT GRANTS AND MISSION ALIGNED INVESTMENTS AND TO SERVE AS A SPONSORING ORGANIZATION OF DONOR ADVISED FUNDS FOR SUCH PURPOSES.

Revisions to this organization profile

August 15, 2024:
2023 Locus Foundation 990 filed
November 15, 2023:
2022 Locus Foundation 990 filed
November 15, 2022:
2021 Locus Foundation 990 filed

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